Mercedes Reveals New Electric Car

Mercedes showed its first fully electric vehicle in direct German challenge to Tesla at an event in Stockholm.

The SUV comes with a 450-kilometer range, distinctively full-width rear light, and clean-cut interiors. The car is aiming for luxury customers and tech-savvy millennials alike.

Daimler is aiming to have up to 10 electric car models by 2022, a target reiterated last week by Daimler CEO Dieter Zetsche, who hopes the EQC and its other electric vehicles will account for up to 25 percent of its sales by 2025.